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20121129
20121207
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' sound close to a deal,,, >> if no action is done all taxes will be increased by january 1st. >>catherine: president obama took his case on the road.... visiting a toy factory in pennsylvania... where he told an audience that failing to extend tax cuts for the middle class would mean a 'scrooge christmas' for millions.. the latest white proposal on avoiding the fiscal cliff to house speaker john republicans laughed. >> there is a stalemate, let us not kid ourselves. >> perhaps it is a figure of speech but the country cannot afford a stalemate. >>catherine: house speaker john boehner boosting revenue by 1.6 trillion over the next decade would be a 'crippling >> stalemate...let's face it.." "...hope that's a figure of >> speech...shouldn't be talking about a stalemate." >> the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on anyone. period. the white house is hoping that the fact the president is taking his case to the congress to act. of course the realand with 32 days
in automatic tax increases and spending cuts take effect. this week - a few republican lawmakers suggested they might be never raise taxes. and some conservative that the house quickly pass democratic legislation extending the expiring tax cuts for incomes below $250,000. >> michael yaki is is here. >> and there were talking turkey, it -- about what they were talking about it was a don't call me, don't call you type of situation. >> a test to look like it lasted a long but the white house has reached an agreement. >> they have met with the senate and leadership with 146 trillitrillion one. -6 triln dollars in tax increases and also reductions for spending. the mortgage interest reduction is not on the table and 400 billion on on determined to cuts it is a framework for discussion. the president keeps on light of that there is a senate bill in the house that will stop the increases for people earning less than $250,000. >>catherine: what is your best guess on what is the final step to break through? >> there are still yelling, talking it will be difficult. on the other hand, i think there's
Search Results 0 to 1 of about 2